Provides an overview of economic concepts and an introduction to basic economic analysis, along with its applications and implications. Topics explored include how markets work, market efficiency and market failure, firm and consumer behavior, and policy issues such as taxation and international trade.
Topics Covered In Course
SBS201 Topics
Economics principles, policy advising, and trade
Supply and demand, elasticity, and government policy
Market efficiency, taxation, and international trade
Gross Domestic Product (GDP), Consumer Price Index (CPI), and productivity and growth
Basic financial tools, the monetary system, and money growth and inflation
Prerequisites
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